Metropolitan Bank Provides $21.5M Loan For Development Site In Elmhurst

Adam Hakim and James Murad of Meridian Capital Group facilitated a loan transaction for a development site in Elmhurst. The property, located at 45-20 83rd Street, spans a total of 67,286 square feet. The loan amount for this transaction was $21,500,000.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $21,500,000
• Address: 45-20 83rd Street
• Market: Elmhurst
• Lender: Metropolitan Bank
• Landlord: Scott Barone & John Silviano - Barone Management
• Brokers: Adam Hakim, James Murad - Meridian Capital Group

Adam Hakim and James Murad from Meridian Capital Group were the brokers representing the parties involved in this loan transaction. The lender for this deal was Metropolitan Bank. The property is owned by Scott Barone and John Silviano of Barone Management. Their representation in this transaction highlights their role as landlords.